Bylaws
Article I: Name and Purpose
1. Name: The name of the corporation shall be [LAUX DESIGNS CORP].
2. Purpose: The purpose of the corporation is to engage in the business of providing design services, including but not limited to digital services and products.
Article II: Shareholders and Stock
1. Classes of Stock: The corporation shall issue 100% of common stock.
2. Shareholders’ Meetings: Annual meetings of shareholders shall be held on January 25th annually for the purpose of electing directors and conducting other business as needed.
3. Voting Rights: Each shareholder shall have one vote for each share of stock held.
Article III: Directors
1. Number and Qualifications: The board of directors shall consist of [number] members. Directors must be shareholders of the corporation.
2. Duties and Powers: The board shall have the authority to manage the affairs of the corporation, make policy decisions, and oversee the officers.
3. Meetings: The board shall meet at least once annually and special meetings can be called by the chairman or any one directors.
4. Quorum: A majority of directors shall constitute a quorum for the transaction of business.
Article IV: Officers
1. Officers: The officers of the corporation shall include a President, Vice President, Secretary, and Treasurer, among others as deemed necessary.
2. Duties: Officers shall perform the duties customary to their respective positions and as assigned by the board of directors.
3. Term: Officers shall serve for a term of [term length], with the possibility of re-election.
Article V: Financial Matters
1. Fiscal Year: The fiscal year of the corporation shall end on 12/31/2023.
2. Banking: The corporation’s funds shall be deposited in such banks or financial institutions as the board of directors designates.
3. Audit: An annual financial audit shall be conducted by an independent auditor.
Article VI: Amendment of By-Laws
These by-laws may be amended by a majority vote of the shareholders or by the unanimous consent of the board of directors.
Article VII: Dissolution
In the event of dissolution, the assets of the corporation shall be distributed in accordance with applicable laws and regulations.